Bilfinger SE (CHIX:GBFD) Cyclically Adjusted PB Ratio: (As of Aug. 13, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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CHIX:GBFD Bilfinger SE CHIX:GBFD
74 GF Score
Price €85.15
GF Value €67.91
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Bilfinger SE Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bilfinger SE  (CHIX:GBFd) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Bilfinger SE Cyclically Adjusted PB Ratio Related Terms


Bilfinger SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bilfinger SE's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bilfinger SE Cyclically Adjusted PB Ratio Chart

Bilfinger SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.77 0.69 0.91 1.27 2.98

Bilfinger SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.26 2.59 2.98 2.68 0.00

CHIX:GBFD vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Bilfinger SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bilfinger SE Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Bilfinger SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bilfinger SE's Cyclically Adjusted PB Ratio falls into.


CHIX:GBFD
74GF Score
Bilfinger SE CHIX:GBFD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bilfinger SE Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Bilfinger SE's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bilfinger SE's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=36.337/131.3638*131.3638
=36.337

Current CPI (Jun. 2026) = 131.3638.

Bilfinger SE Quarterly Data

Book Value per Share CPI Adj_Book
201609 37.300 101.017 48.505
201612 37.305 101.217 48.416
201703 36.192 101.417 46.879
201706 34.676 102.117 44.607
201709 0.000 102.717 0.000
201712 31.844 102.617 40.765
201803 29.881 102.917 38.140
201806 30.028 104.017 37.922
201809 31.089 104.718 39.000
201812 30.235 104.217 38.111
201903 30.270 104.217 38.155
201906 27.181 105.718 33.775
201909 28.455 106.018 35.258
201912 28.922 105.818 35.904
202003 27.909 105.718 34.679
202006 25.835 106.618 31.831
202009 24.940 105.818 30.961
202012 30.007 105.518 37.357
202103 31.091 107.518 37.987
202106 29.501 108.486 35.722
202109 30.056 109.435 36.079
202112 31.947 110.384 38.019
202203 32.785 113.968 37.789
202206 29.413 115.760 33.378
202209 31.220 118.818 34.517
202212 29.081 119.345 32.010
202303 28.931 122.402 31.049
202306 28.143 123.140 30.022
202309 29.378 124.195 31.074
202312 31.299 123.773 33.219
202403 32.040 125.038 33.661
202406 31.992 125.882 33.385
202409 33.201 126.198 34.560
202412 34.672 127.041 35.852
202503 35.469 127.779 36.464
202506 33.583 128.412 34.355
202509 35.143 129.255 35.716
202512 36.050 129.361 36.608
202603 37.604 131.258 37.634
202606 36.337 131.364 36.337

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Bilfinger SE (CHIX:GBFD) Overvalued in 2026?

Based on GuruFocus' analysis, Bilfinger SE stock appears to be overvalued. The current stock price of €85.15 is trading 25.4% above its estimated GF Value™ of €67.91. GuruFocus considers Bilfinger SE to be Modestly Overvalued.

Key valuation signals for CHIX:GBFD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €67.91 vs. price of €85.15 (25.4% above fair value)
  • GF Score™: 74/100 with 1 warning sign

No single metric tells the full story. See the CHIX:GBFD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bilfinger SE Business Description

Address Oskar-Meixner-Street 1, Mannheim, BW, DEU, 68163
Bilfinger SE is an international industrial services provider. It delivers customized engineering services to customers in the chemical, pharmaceutical, energy, oil, and gas markets. Its product portfolio attempts to cover the entire value chain, from consulting and planning to installation and maintenance. Bilfinger has three operating segments: Engineering & Maintenance Europe, Engineering & Maintenance International, and Technologies.
74GF Score

Get the complete analysis for CHIX:GBFD

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€85.15
Price
€67.91
GF Value